| Topic Name: |
Consulting to IM |
| Message Name: |
Relationship Mngrs #1 |
| Date Posted: |
07/08/2004 |
| In Reply To: |
There's an upcoming interview for analyst in a fund(private equity) mgmt company. Though I've chances to discuss sector issues with fund mngrs, but have no clear picture of what research analyst do and how it differs from consulting in terms of lifestyle, workload and techniques. And, do aggresive people fit their style? Can any insider kindly shed some light? Any input is appreciated. |
| Message: |
Consulting and Reserach Analysts can be worlds apart. The Analyst needs to know how to speak with management to get realistic guidance that can't be found in the numbers (especially if you are the #1 at a big firm or the only Analyst at , say, a hedge fund). Essentially, you need to be a strong relationship manager and demonstrate that you can get the "truth" from executives and not the fluff they pass onto the street. This is in conjunction with knowing accounting back and fourth and the other usual job requirements. Consulting, at least in Strategic Mngt Consulting invloves being retained by a company to provide direction through difficult times, change business model, etc. Once a consultant is hired it his duty to TELL management what needs to be done to imporve business. Analysts ask, Strategic Mngt Consultants tell, or at least advise.
In terms of workload, it all depends on the firm you are working for and what sector(s) you are covering. If you are covering a global industry then expect to spend a lot of long hours in the office crunching numbers and waiting for the appropriate time to contact company management in your first 4-5 years. Later on, as a #1 or a Sr. Analyst you can pass on the number crunching and writing to your lowers, however you will be traveling extensively to (a) do road shows (if you are working sell side) and (b) to meet with mngt from companies you cover. It can be especially tiresome in the first 3-5 years b/c you do ALL of the number work (I hope you LOVE accounting!) and you generally do all the writing for the senior analyst who gets to put his/her name on your work. Sweet deal, huh?
|
|
